I'm not sure how to fix that problem, but it will continue to get bigger and bigger as time goes on, if nothing is done.
Soon they will be taxing the air we breath.
This will go down like a big dog in about 10 years when most of the boomers are past their prime.
Not to worry. They’ll be covered by the new SCHIP.
Oops - not poor enough.
It's a sickness, I tell you.
Yeah, well, beneath all the bs and propaganda the simple fact is that medical costs are skyrocketing because medicine is a govt protected monopoly.
I you can still command a high salary because of experience and lack of younger workers, it’s hard to walk away - espeically if you don’t know how much you need to retire.
I get six figures, plus five percent 401K match, plus twelve percent cash-value pension. That’s hard to turn down.
With us living longer, it actually doesn’t seem like a good idea for many people to retire at 55. In fact, if I’m healthy at 65 I will still work. It’s not that retirement doesn’t sound fun (if you have the $$ to enjoy it) it’s just that I would rather be doing something productive, at least part time. People didn’t used to think that there was a certain age at which you just quit working and relaxed.
susie
Hear, hear. I'm 55. I should be able to retire now and live on the largesse of my younger fellow Americans. What would Karl say?
Any guy (especially guys) who are not “working” after 55 will generally be dead within 5 years of retirement....MAN needs to WORK!
The reason is that many people have not saved enough for their retirement. This explains why more of the 65 and over crowd is working even though they have Medicare.
Actually I dont ever plan to retire..works for most but I’m sure it wont work for me.
Actually I dont ever plan to retire..works for most but I’m sure it wont work for me.
Diane Stafford
In the last few weeks, whenever I talked to someone connected with health care delivery, they asked me if I’d seen “Sicko.”
You must see it, they said. Of course, these weren’t health insurance company or pharmaceutical representatives. These were doctors, nurses and health care consultants.
So, yesterday, I went to see it. We can all agree that filmmaker Michael Moore has his faults, but courage to point out failings is not one of them. Only the most jingoist American can fail to agree that the inability to provide affordable health care for all is a huge blot on the nation.
http://workspacekc.typepad.com/workspace_by_diane_staffo/
The first and easiest fix would be to de-couple health insurance from large employers. Insurance is not affordable unless you’re the property of some corporation.
Many older folks would probably opt for self-employment, but the health insurance premium is to high to overcome. No reason why there couldn’t be insurance co-ops, which would have the same financial leverage as a large corporation.